Nemak
Nemak, S.A.B. de C.V., known as Nemak, is a global automotive parts manufacturing company headquartered in García, Nuevo León, a municipality next to the City of Monterrey, Nuevo León, México. The company manufactures a wide range of automotive parts and systems with primary focus on aluminum auto parts, mainly engine blocks, cylinder heads, and transmission components. It is a Tier 1 supplier to major OEMs and is among the 60 largest auto industry suppliers worldwide.[1]
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| Public | |
| Industry | Auto Parts Manufacturing |
| Founded | 1979 |
| Headquarters | , |
Area served | Worldwide |
Key people | Armando Garza (Chairman) Armando Tamez (CEO) |
| Products | engine blocks, cylinder heads, transmission components |
| Revenue |  |
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| Total assets | |
Number of employees | 20,000 |
| Parent | Alfa |
| Website | www.nemak.com |
Nemak reported sales of $4.3 billion for 2016[2] and has more than 36 manufacturing plants that employ more than 21,000 people in 16 countries.[3] It has more than 110 patents and conducts R&D in 5 centers. More than 90% of the sales volume was supplied to the 8 largest automotive manufacturers: Ford, General Motors, Fiat-Chrysler, Volkswagen Group, Hyundai-Kia, BMW, Renault-Nissan and Daimler-Benz.[4] Its installed capacity is mainly in North America, where the company has 10 plants in Mexico, 6 in the United States, and 1 in Canada. The remaining plants are located in Europe, in Austria, Czech Republic, Germany, Hungary, Russia, Slovakia, Spain, and Poland; in South America, in Argentina and Brazil; and in Asia, in China and India.
Nemak is a subsidiary of the Mexican industrial conglomerate Alfa, which holds 75.24% of Nemak shares, while Ford Motor Co. holds 5.45% of the shares and the remaining 19.31% are public shares offered in the BMV.[5]
In early 2015, Nemak´s parent company, Alfa, announced it may hold an initial public offering to list Nemak in the Mexican Stock Exchange as soon as June, as a strong U.S. dollar boosts the value of the division’s assets.[6]